Brazilian Electric Power (NYSE:AXIA) Director De Lima Filho Pedro Batista Sells 460,000 Shares of Stock

Brazilian Electric Power Co (NYSE:AXIA) Director De Lima Filho Pedro Batista sold 460,000 shares of the business’s stock in a transaction that occurred on Wednesday, June 17th. The shares were sold at an average price of $10.16, for a total value of $4,673,600.00. Following the completion of the sale, the director directly owned 4,630,163 shares of the company’s stock, valued at approximately $47,042,456.08. The trade was a 9.04% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link.

De Lima Filho Pedro Batista also recently made the following trade(s):

• On Monday, June 15th, De Lima Filho Pedro Batista sold 597,500 shares of Brazilian Electric Power stock. The stock was sold at an average price of $10.13, for a total value of $6,052,675.00.
• On Wednesday, June 10th, De Lima Filho Pedro Batista sold 30,200 shares of Brazilian Electric Power stock. The shares were sold at an average price of $9.59, for a total transaction of $289,618.00.
• On Wednesday, June 3rd, De Lima Filho Pedro Batista sold 400,000 shares of Brazilian Electric Power stock. The shares were sold at an average price of $9.90, for a total transaction of $3,960,000.00.
• On Wednesday, June 3rd, De Lima Filho Pedro Batista bought 45,000 shares of Brazilian Electric Power stock. The stock was acquired at an average price of $10.60 per share, with a total value of $477,000.00.
• On Monday, June 1st, De Lima Filho Pedro Batista sold 555,300 shares of Brazilian Electric Power stock. The stock was sold at an average price of $9.88, for a total transaction of $5,486,364.00.
• On Friday, May 29th, De Lima Filho Pedro Batista sold 2,249,200 shares of Brazilian Electric Power stock. The stock was sold at an average price of $10.43, for a total transaction of $23,459,156.00.
• On Friday, May 29th, De Lima Filho Pedro Batista purchased 1,234,900 shares of Brazilian Electric Power stock. The shares were acquired at an average price of $10.78 per share, for a total transaction of $13,312,222.00.
• On Monday, May 25th, De Lima Filho Pedro Batista sold 234,300 shares of Brazilian Electric Power stock. The shares were sold at an average price of $10.46, for a total transaction of $2,450,778.00.
• On Friday, May 22nd, De Lima Filho Pedro Batista sold 714,500 shares of Brazilian Electric Power stock. The shares were sold at an average price of $10.40, for a total transaction of $7,430,800.00.
• On Wednesday, May 20th, De Lima Filho Pedro Batista sold 941,500 shares of Brazilian Electric Power stock. The stock was sold at an average price of $10.60, for a total transaction of $9,979,900.00.

Brazilian Electric Power Trading Up 3.3%

Shares of NYSE:AXIA opened at $10.30 on Tuesday. The company has a debt-to-equity ratio of 0.52, a current ratio of 2.11 and a quick ratio of 2.11. The company has a market capitalization of $23.19 billion, a PE ratio of 57.25, a PEG ratio of 1.44 and a beta of 0.46. Brazilian Electric Power Co has a 1 year low of $6.71 and a 1 year high of $13.54. The stock has a fifty day simple moving average of $11.32.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the business. Kapitalo Investimentos Ltda lifted its holdings in shares of Brazilian Electric Power by 146.9% during the first quarter. Kapitalo Investimentos Ltda now owns 187,303 shares of the company’s stock worth $2,113,000 after buying an additional 111,448 shares during the last quarter. Principal Financial Group Inc. grew its stake in shares of Brazilian Electric Power by 1.8% in the first quarter. Principal Financial Group Inc. now owns 89,314 shares of the company’s stock worth $1,007,000 after acquiring an additional 1,559 shares during the last quarter. Sei Investments Co. bought a new position in Brazilian Electric Power during the first quarter worth $461,000. Cetera Investment Advisers raised its stake in Brazilian Electric Power by 53.6% during the 1st quarter. Cetera Investment Advisers now owns 37,934 shares of the company’s stock valued at $428,000 after purchasing an additional 13,237 shares during the last quarter. Finally, Measured Wealth Private Client Group LLC acquired a new position in Brazilian Electric Power during the 1st quarter valued at $323,000. 2.64% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

AXIA has been the subject of several recent analyst reports. Weiss Ratings started coverage on Brazilian Electric Power in a research note on Tuesday, April 7th. They set a “hold (c)” rating for the company. Wall Street Zen raised Brazilian Electric Power from a “hold” rating to a “buy” rating in a research note on Saturday, May 30th. One investment analyst has rated the stock with a Hold rating, According to data from MarketBeat, the company has a consensus rating of “Hold”.

About Brazilian Electric Power

Centrais Elétricas Brasileiras SA – Eletrobras, through its subsidiaries, engages in the generation, transmission, and distribution of electricity in Brazil. The company generates electricity through hydroelectric, thermal, nuclear, wind, and solar plants. As of December 31, 2020, it owned and operated 31 hydroelectric plants with a total installed capacity of 50,648 megawatts; seven thermal plants, including coal, and oil and gas power generation units with a total installed capacity of 1,595 megawatts; and two nuclear power plants comprising Angra I with an installed capacity of 640 megawatts and Angra II with an installed capacity of 1,350 megawatts.